With the new facility enabled by the income tax e-filing portal started allowing payment of taxes through the service of e-Pay Tax window on the portal itself, the customers of specific banks that have migrated to this system from the TIN NSDL website will now have to visit the e-filing income tax portal to pay their income tax.
As per the directions of the Central Board of Direct Taxes (CBDT), many banks have to switch over from the OLTAS e-Payment of Taxes facility on the TIN NSDL website to the new Direct Tax Payment System called CPC 2.0 – TIN 2.0 on the new income tax e-filing portal with respect of collection of direct tax through internet banking and over the counter.
Hence, individuals are now advised to navigate to e-Pay Tax on the new income tax portal to make direct tax payments if they are making payment using specific banks.
Axis Bank, Central Bank of India, ICICI Bank, Indian Bank, Karur Vysya Bank, Bank of Maharashtra, Canara Bank, Indian Overseas Bank, Bank of India, Federal Bank and Kotak Mahindra Bank have migrated to the new income tax portal and are no longer available on the NSDL portal for income tax payments. Afew Banks may have informed their customers of this change.
However, some charges are applicable in certain cases while using e-Pay Tax. Transaction charges will be levied if an individual opts to pay income tax via NEFT/RTGS and uses the payment gateway. If an individual opts for the Federal Bank payment gateway, then 0.85% extra will be applicable if payment is done via a credit card and Rs 5-12 if done through net banking. The NSDL website did not have such charges.
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